Dynatronics (NASDAQ:DYNT) Downgraded by ValuEngine to “Sell”

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ValuEngine downgraded shares of Dynatronics (NASDAQ:DYNT) from a hold rating to a sell rating in a research report report published on Thursday, ValuEngine reports.

Separately, Maxim Group set a $3.00 target price on shares of Dynatronics and gave the company a buy rating in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Dynatronics presently has an average rating of Hold and an average target price of $3.50.

Dynatronics stock traded down $0.03 during midday trading on Thursday, reaching $0.75. 18,300 shares of the stock traded hands, compared to its average volume of 12,108. The company has a current ratio of 1.36, a quick ratio of 0.59 and a debt-to-equity ratio of 0.59. The firm has a fifty day moving average price of $0.91 and a two-hundred day moving average price of $1.35. The firm has a market cap of $6.66 million, a price-to-earnings ratio of -3.57 and a beta of 0.07. Dynatronics has a fifty-two week low of $0.71 and a fifty-two week high of $2.88.

Dynatronics (NASDAQ:DYNT) last posted its earnings results on Tuesday, November 12th. The medical equipment provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $16.39 million during the quarter, compared to analyst estimates of $16.21 million. Dynatronics had a negative net margin of 1.84% and a negative return on equity of 12.16%. Analysts anticipate that Dynatronics will post -0.13 earnings per share for the current year.

An institutional investor recently raised its position in Dynatronics stock. Citadel Advisors LLC grew its stake in shares of Dynatronics Co. (NASDAQ:DYNT) by 75.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,043 shares of the medical equipment provider’s stock after buying an additional 12,908 shares during the quarter. Citadel Advisors LLC owned about 0.36% of Dynatronics worth $50,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 12.44% of the company’s stock.

Dynatronics Company Profile

Dynatronics Corporation designs, manufactures, markets, and distributes orthopedic soft goods, medical supplies, and physical therapy and rehabilitation equipment in the United States and internationally. It offers ankle and wrist braces, hot packs, cold packs, lumbar rolls, cervical collars, slings, cervical pillows, bolsters, positioning wedges, back cushions, lotions and gels, paper products, athletic tape, splints, elastic wraps, exercise weights, exercise bands and tubing, electrodes, and rehabilitation and back products.

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